Uk Economy

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UK economy could suffer deepest annual contraction in more than three centuries due to covid-19, warns Bank of England
Business

UK economy could suffer deepest annual contraction in more than three centuries due to covid-19, warns Bank of England

The Bank of England warned Thursday that the British economy could suffer its deepest annual contraction in more than three centuries as a result of the coronavirus pandemic, before bouncing back next year

Asia shares seen higher, but economic woes may cap gains; all eyes on China's trade data to be released today
Business

Asia shares seen higher, but economic woes may cap gains; all eyes on China's trade data to be released today

All eyes will be on China’s trade data, to be released on Tuesday, which is expected to show exports tumbling 14 percent in March from a year ago,

'Time is a luxury we don't have': With 40 days left for Brexit, KPMG says UK businesses testing their 'airbags'
World

'Time is a luxury we don't have': With 40 days left for Brexit, KPMG says UK businesses testing their 'airbags'

KPMG said it sees the probability of the United Kingdom leaving with a Brexit deal of some kind at around 55 percent; the chances of a no-deal Brexit at around 30 percent; and the chances of no Brexit at 15 percent.

'Thanks again, Dave': Here's how readers reacted after David Cameron's resignation
World

'Thanks again, Dave': Here's how readers reacted after David Cameron's resignation

A lot of the debate about Brexit was centred around Prime Minister David Cameron, who announced his decision to quit his post following the referendum.

UK's economy is strong enough 'to adjust to the new situation' post Brexit: George Osborne
World

UK's economy is strong enough 'to adjust to the new situation' post Brexit: George Osborne

Seeking to calm turbulent markets post Brexit, Finance Minister George Osborne on Monday said the UK's economy is in a strong position to confront the new challenges but it would have to "adjust to the new situation".

Mind the generation gap: Brexit vote holds lessons for India
World

Mind the generation gap: Brexit vote holds lessons for India

By voting to leave the EU in the Brexit vote, the elderly have inadvertently snatched from British youth the opportunities that they had themselves availed.

Ahead of Britain's EU referendum, Brexit leads in polls
World

Ahead of Britain's EU referendum, Brexit leads in polls

Brexit backers moved into a lead in the polls for the first time in weeks, raising pressure on Prime Minister David Cameron ahead of Britain's EU referendum

Brexit support gains ground as new opinion poll shows three-point lead
World

Brexit support gains ground as new opinion poll shows three-point lead

The camp favouring Britain's exit from the EU appears to have secured a slight edge as a new opinion poll on Sunday showed a three-point lead for Brexit.

Britain prepares for coldest winter in 100 years
Travel

Britain prepares for coldest winter in 100 years

Councils are gearing up for what could be Britain's coldest winter in 100 years, as sub-zero temperatures and snow follow days of downpours that have devastated large parts of the country.

'Smokers bunk work more often with cost to economy'
Life

'Smokers bunk work more often with cost to economy'

Smokers miss an average of two or three more days of work each year than non-smokers, with this absenteeism costing the UK alone 1.4 billion pounds.

UK recession over as economy grows in Q3
Economy

UK recession over as economy grows in Q3

Britain's economy grew by a bigger than expected 1 percent between July and September, ending a shallow nine-month recession.

Britain's economy on brink of recession?
Economy

Britain's economy on brink of recession?

Britain's economy has probably picked up over the summer, though any third quarter growth will not change a picture of an economy teetering on the brink of recession as crucial growth drivers such as manufacturing are stalling.